South Africa c.bank's Kganyago: monetary policy still supportive of economy - CNBC Africa

South Africa c.bank's Kganyago: monetary policy still supportive of economy

Southern Africa

by Reuters 0

South African monetary policy is still accommodative. PHOTO: ibtimes

This is according to the Reserve Bank Governor Lesetja Kganyago.

(READ MORE: C.bank will wait for 2nd round effects of oil price drop: Kganyago)

"It is important for policy makers ... to understand the limits of our powers, but it is also important for South Africans to understand the limitations of, in this case, monetary policy," Kganyago said in a speech to a labour conference, posted on the bank's website.

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